IMC Chicago LLC Buys New Shares in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

IMC Chicago LLC bought a new stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,671 shares of the company’s stock, valued at approximately $843,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SGOL. Towneley Capital Management Inc DE acquired a new stake in abrdn Physical Gold Shares ETF during the fourth quarter worth about $15,896,000. Global Assets Advisory LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 1,462.1% in the first quarter. Global Assets Advisory LLC now owns 797,211 shares of the company’s stock valued at $16,933,000 after buying an additional 746,178 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 15.7% in the fourth quarter. Metis Global Partners LLC now owns 3,311,435 shares of the company’s stock valued at $65,368,000 after buying an additional 449,954 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at about $5,525,000. Finally, Worth Asset Management LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at about $4,741,000.

abrdn Physical Gold Shares ETF Trading Up 1.1 %

SGOL stock opened at $22.21 on Friday. abrdn Physical Gold Shares ETF has a 1 year low of $17.35 and a 1 year high of $23.30. The stock has a 50-day simple moving average of $22.34 and a 200-day simple moving average of $20.90.

abrdn Physical Gold Shares ETF Profile

The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.